secwatch.observer — SEC 8-K summary
======================================

Issuer:     Skillz Inc. (SKLZ)
CIK:        0001801661
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001801661-24-000064
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Skillz Q2 2024 revenue $25.3M, net income $26.0M, Adjusted EBITDA loss $(12.6)M
-------------------------------------------------------------------------------

- Revenue $25.3M, net income $26.0M; gross profit $21.9M; Adjusted EBITDA $(12.6)M loss.
- Paying MAU 122,000 (first sequential increase in 10 quarters); ARPPU $69.4.
- Cash and restricted cash >$325M; operating expenses ex-cost revenue $3.6M.
- CEO cites customer acquisition paybacks trending to six months; targeting positive EBITDA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801661/000180166124000064/0001801661-24-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801661/000180166124000064/sklz-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001801661-24-000064

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer